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CNBCTV18 EXCLUSIVE: RBI approves Sashidhar Jagdishan's name for CEO of HDFC Bank. Get live Share Market updates and latest India News and business news on Financial Express. Gold Loan EMI Calculator. With the lockdown in full effect, we were at home every day, leaving us all more stressed and bored than ever. With over 29 years of experience, Jagdishan served as the Group Head of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate About nine per cent of HDFC Banks loan book is under moratorium. HDFC Bank launches second edition: . The students must be currently studying in Classes 1 to 12 in a private, government, or government-aided school. Last month, at the banks annual general meeting, Puri, who retires on October 26, had said that the banks new MD would likely be an internal candidate with a long career at the lender. Often refered to as Sashi, he joined the Bank in the year 1996 as a Manager in the Aditya Puri has led HDFC Bank since its inception in 1994, and will retire in October when he reaches the maximum age limit of 70 years for private bank chiefs. Sashidhar Jagdishan has experience of over 29 years and he played a vital role in supporting the growth of the HDFC bank. Sandeep Bakhshi, MD and CEO of ICICI Bank is Indias 2nd highest paid banker and this is his salary, 7 highest-paid CEOs in the world: This is why their net worth amounts in crores, The 5 richest Indian women of 2020, their net worth and how they make their crores, The 15 wealthiest Indians who have a massive net worth, Elon Musk loses a massive personal fortune worth Rs 16 lakh 27 thousand Cr. Invest as low as 10,000 and earn better returns than FD, Find safe & high-yielding bonds for your buck. WebHDFC Bank Parivartan's ECS Scholarship in School Programme (Merit-cum-Need Based) 2022-23. Biography of Sashidhar Jagdishan. Includes DocuBay and TimesPrime Membership. They even appraised our Global Stand Alone Credit Profile at BBB+ which is 2 notches higher than Indias Sovereign Rating. Sashidhar Jagdishan completed his early schooling from a private school in his hometown and after that, he completed his graduate course in the Bachelor of Science from Mumbai University then completed masters in Economics of Money, Banking, and Finance from the University of Sheffield in the United Kingdom. Later in an analyst call on the banks first quarter earnings, Puri had once again cleared the air on succession planning and said there would be no issues. Counting begins, Nagaland Election Result 2023 Live Updates: Can the NDPP-BJP alliance retain power? We adhered to social distancing norms and also provided people with sanitizers before and after operating the ATM machine. Market Research. Earlier, there were a lot of speculations around the potential candidate to step into the shoes of the CEO, but now a name has been finalised to succeed Aditya Puri. Sashi joined the bank in 1996 as a manager in the finance function and has overall experience of 29 years. It had however, noted that the continued slowdown in economic activity has led to a decrease in retail loan origination, sale of third party products, use of credit and debit cards by customers, efficiency in collection efforts and waivers of certain fees. Cash pickup, cash drop and cheque pickup services can be requested from the comfort of home. Meanwhile, the HDFC Bank stock has risen 4.71 per cent or 47.45 to 1,049.65 compared to the previous day close of 1,002 on the National Stock Exchange. To read full story, subscribe to ET Prime, Billed annually at He is a chartered accountant by profession and holds a Masters degree in Economics of Money, Banking & Finance from The University of Sheffield in the UK. With less than three months for HDFC Banks Managing Director and CEO Aditya Puri to retire, his successor, Sashidhar Jagdishan, will have adequate time to Sashidhar Jagdishans marital status is married. Our aim was to keep you engaged and give you a #BreakFromBoredom so that you could stay home, stay safe and be creative. Shashidhar Jagdishan as HDFC Bank CEO to ensure continuity, stability Sashi joined the bank in 1996 as a manager in the finance function and has overall experience WebHDFC bank is a branch of HDFC. We partnered with A.R. Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. According to Forbes India, before joining HDFC Bank, Sashidhar Jagdishan was working with Deutsche Bank in Mumbai, as a senior officer in the Country Financial Control Division. Not neutral: On Indias stand on Ukraine at the U.N. Madhya Pradesh woman fleeing ritual sacrifice offered asylum in Tamil Nadu, Hungarian woman linked to kidnapping of Mehul Choksi arrested in Abu Dhabi: reports, Sergio Ramos announces retirement from Spain national team. Get live Share Market updates and latest India News and business news on Financial Express. Now Sashidhar Jagdishan will be looking ahead as he will be the next chief executive officer of the HDFC bank as the Reserve Bank of India approved his appointment at this post on 4 August 2020. Two of Indias leading indices fell nearly 0.5% on Monday to extend losses for a seventh straight session. The lender has reportedly received the approval from the central bank last night. Reproduction of news articles, photos, videos or any other content in whole or in part in any form As per a July 2020 report published in Financial Express, Sashidhar Jagdishan earned an annual salary of 2.91 crore in FY 2019-20. Aditya Puri hangs up his much-decorated boots this October, bringing the curtains down on a long, glittering stint that saw him become the longest-serving CEO of any private bank in India. 12 were here. "The Reserve Bank of India (RBI) vide its communication dated August 3, 2020, has approved the appointment of Mr. Sashidhar Jagdishan as Managing Director & CEO of the Bank for a period of 3 (three) years w.e.f. 9 things to know before share market opening bell, Crude oil prices edge higher, pause from six-day losing streak, Share Market LIVE: Nifty, Sensex stare at muted start on F&O expiry; Asia, US markets react to FOMC minutes, Tata Steel, UGRO Capital, Mahindra CIE, Biocon, ZEEL stocks in focus. There is no information available about his wife and children. Sashidhar Jagdishan 2014-15 a comeback year for the Indian rupee despite US dollar surge, Switched jobs in middle of the year? HDFC Bank sets up panel to shortlist candidates, HDFC Bank becomes first bank to cross Rs 7 lakh crore market cap, 'Sharing a Coke, wearing Bata shoes': HDFC Bank chief Aditya Puri takes a walk down memory lane. Experienced in leading large teams to deliver mandated results with in the timelines by managing proper Quality . his date of taking charge, i.e. For reprint rights: Syndications Today, Sashidhar Jagdishan appointed new HDFC Bank CEO; RBI gives go ahead, Known as the the dark horse, Jagdishan joined HDFC Bank in 1996 and rose through the ranks to become Head of Finance and HR at the company, Posted by: Manoj Sharma, Aug 04, 2020, 10:11 AM IST, Who will be Aditya Puri's successor? click here! Required fields are marked *. Interestingly, both Jagdishan and executive director Kaizad Bharucha worked with the bank for close to 25 years, having joined in February 1996 and October 1995, respectively. After graduating in physics, Jagdishan pursued his masters degree in economics, before becoming a chartered accountant by profession. Your email address will not be published. Even with a lockdown in place, people still need money and often leave home to get it. Sashi comes with a very diverse experience having handled multiple functions in the bank and hence we believe he is the appropriate choice. He has black color hair and also has sparkling black color eyes. Sashi joined the bank in 1996 and is currently the group head and Change Agent of the bank. Your Reason has been Reported to the admin. Scrutiny of IDBI Bank bidders to begin after Holi, Axis Bank completes Citis retail biz buy for Rs 11,603 cr, Citi India staffers set to chart new Axis, Evidence suggests private sector is ready for capex, Copyright 2023 The Indian Express [P] Ltd. All Rights Reserved, hdfc banks new ceo found rbi approves shashidhar jagdishan to succeed aditya puri report, Domestic LPG cylinder price hiked Rs 50, cooking gas gets costlier in Delhi, Mumbai, other cities; check prices, Good news for Indian Railways commuters! It is also one of the largest banks with regards to UPI transactions with 179.5 million transactions processed through its system in October. Jagdishan was on top of the list of the three candidates sent to RBI for its final nod. October 27, 2020, under Section 35B of the Banking Regulation Act 1949," HDFC said in a statement on Tuesday. We are pleased to let you know that on 17th April 2020, a renowned Global Rating Agency, Standard & Poors reaffirmed its international rating for HDFC Bank at BBB- / A3 with a Stable outlook. Aditya Puri who is the current chief executive officer of HDFC bank has stated that Sashidhar possesses all the required skills and he will be going to play an important role in the growth of the Bank in the coming years. They had a What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? Puri's successor Jagdishan was among the top two internal candidates for the top job at HDFC Bank. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. Jagdishan has worked closely with Puri since he joined the bank in the 1996. Find & Invest in bonds issued by top corporates, PSU Banks, NBFCs, and much more. "Sashidhar is humane; he is motivational; he is a very thorough executor," he added. Rahman, Prasoon Joshi and other eminent artists to bring you a tribute to the spirit of India and the millions of Indians fighting the COVID-19 pandemic. For reprint rights: Adani Enterprises stock up 31% in 2 days. Benchmark bond yields in India climbed to their highest since the first week of November as tightening liquidity and concerns over higher government borrowing in FY24 dented demand for sovereign debt. "I'm happy to say that our own HDFC Securities also has a plan and you will see that countering the threats from discount brokerages with its own neo architecture or discount kind of an architecture as well," Jagdishan told the bank's shareholders at its annual general meeting on Saturday. WebHDFC Bank Research - Reports; Protect Life And Grow Wealth. Presenting Hum Haar Nahi Maanenge, a song that served as a clarion call to spread hope, positivity & motivation and also served as a reminder that we are in this together and will get through this together. WebSashidhar Jagdishan. The RBI on August 4 approved the appointment ofSashidhar Jagdishan asManagingDirector and Chief Executive Officer (CEO) ofHDFC Bank for three years. Discover the right bonds meeting your investment amount & investment horizon, Fundamental, Stock Ideas, Multibaggers & Insights, Stock & Index F&O Trading Calls & Market Analysis, Commodity Trading Calls & Market Analysis, Currency Derivatives Trading Calls & Insights, Options Trading Advice and Market Analysis, Model portfolios, Investment Ideas, Guru Screens and Much More, Proprietary system driven Rule Based Trading calls, Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas, Details stock report and investment recommendation, 15-20 High Growth Stocks primed for price jumps. Last year, HDFC Bank had constituted a six-member search committee to replace Puri. Here we take a look at five frontline contenders. HDFC Bank shares were up 4.67% to trade at Rs 1,048 per share. The regulator has given its green signal for Sashidhar Jagdishan to take over from Aditya Puri as the next Chief Executive Officer of HDFC Bank, multiple people aware of the development Your email address will not be published. The outgoing Aditya Puri nurtured the private sector bank from the rudimentary stage as he aimed to create a world-class Indian Bank. Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. At HDFC Bank, Jagdishan currently holds the position ofAdditional Director and Head of Finance, HR. Lenders led by the State Bank of India (SBI) that are conducting an annual review of Adani Enterprises Ltd (AEL) have decided to maintain status quo on credit limits sanctioned for Gautam Adanis flagship company, said two people aware of the development. Adar Poonawalla Wiki, Age, Girlfriend, Wife, Family, Biography & More, Sarah Michelle Gellar Age, Net Worth, Husband, Family and Biography (Updated 2023), Grace Van Dien Age, Net Worth, Boyfriend, Family and Biography (Updated 2023), Offset Age, Net Worth, Wife, Family and Biography (Updated 2023), Regina Ting Chen Age, Net Worth, Husband, Family and Biography (Updated 2023), Mae Martin Age, Net Worth, Boyfriend, Family and Biography (Updated 2023). Vice President, Finance at HDFC Bank Mr. Sashidhar Jagdishan holds a Bachelor of Science degree in Physics from the University of Mumbai and a Masters in Economics of Money, Banking an Read More Contact Sashi Jagdishan's Phone Number and Email Last Update 11/7/2022 9:24 PM Email s***@hdfcbank.com Engage via Email In the current scenario, you risk infection every time you step outside. "A meeting of the board of directors of the bank will be convened in due course inter-alia to approve the appointment of Jagdishan as the MD & CEO," the bank said. 2-Year The applicants must have passed the previous qualifying examination with at least 55% marks. We also used the song to encourage people to contribute to the PM-CARES Fund and support the nation in these trying times. The latest development lifts the veil on who will be leading Indias largest prive sector bank out of the woods in the coming fiscal year after the coronavirus induced economic slowdown has put the banking sector in stress. Sanzone said his group completed a $29.15 million private capital raise for Evermore Bank. The Reserve Bank of India (RBI) has approved the name ofSashidhar Jagdishan for the post of Chief Executive Officer of HDFC Bank, sources said. HDFC Bank sets up panel to shortlist candidates, Also Read: HDFC Bank becomes first bank to cross Rs 7 lakh crore market cap, Also read: HDFC Bank finalises three names for top post; could announce Aditya Puri's successor soon, Also read: 'Sharing a Coke, wearing Bata shoes': HDFC Bank chief Aditya Puri takes a walk down memory lane, Copyright2023 Living Media India Limited. Initially, he served as a Manager in the finance function and then promoted at the post of Business Head Finance in 1999. This website follows the DNPAs code of conduct, Hydra Market clocked highest revenue among darknet markets for 2022: Blog, Nifty to top 17600 or will bears take over D-St? Tripura Election Result 2023 Live Updates: BJP again or can Congress-Left spring a surprise? He has an average body build up with an average physique. The recent selloff mirrors the weak trend in global equities after a series of US economic data including Fridays consumer price inflation, which is the Federal Reserves most preferred inflation gauge compounded fears the Federal Reserve will keep policy rates elevated for longer than the market had priced in. Aditya Puri who has been associated with the private sector lender since it started operations back in 1994 is set to retire in October this year. Dont miss out on ET Prime stories! After a 25-year-long illustrious career, Aditya Puri, 69, will retire but he is ready for the second innings. HDFC Bank had in April this year recommended Shashidhar Jagdishan, Kaizad Bharucha and Sunil Gargs names for post. Our doorstep banking ensures a safe and convenient banking experience right at your doorstep. Jagdishan is currently Group Head and Change Agent, HDFC Bank. You could make payments using just the mobile number of a beneficiary. 2499 1749, Monthly IRCTC partners with Easebuzz, Crypto mixers received 24% of total funds from illegal addresses in 2022: Blog, Q3 GDP growth slower than expected at 4.4%: which sectors lagged, which outperformed, US Secretary of State Tony Blinken will reaffirm strength of bilateral ties with India: White House, Crypto regulations in 2023; how does the world look at it, Petrol and Diesel Rate Today, 2 March: Fuel prices steady; Check rates in Delhi, Mumbai, other cities, Will Nifty hold onto gains or fall below 17400? JLP offers the best standardized test-prep and customized K-12 tutoring throughout Miami-Dade and We hope that these global evaluations serve as a reminder that we remain committed to providing you the best of banking services, always. We used our logo, the HDFC BankGrid, to mark six-foot intervals outside essential stores, branches and ATMs, where crowds tend to gather, to remind the masses to maintain a safe distance from each other by simply standing within the four corners of the logo. Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. Edited By jyoti choudhary, Updated: 25 Jul, 2021 05:36 PM. Copyright e-Eighteen.com Ltd. All rights reserved. Deadline 15-Mar-2023. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. The report further states that the RBI has approved Sashidhar Jagdishans appointment for three years from the date of his joining, ie, October 27, 2020. Between 2008 and 2019, he served as the Chief Financial Officer of the organisation. HDFC Bank's board has given Egon Zehnder a set of attributes to look for in Puri's potential successors. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. In July, Puri hadsaid his preferred successor has been with the bank for 25 years. He was appointed as Chief Financial Officer in 2008, and was replaced bySrinivasan Vaidyanathan in 2019. Days Trial Experience Your Economic Times Newspaper, The Digital Way! PLAN. Sashi was elevated to the position of Change Agent in August 2019 and currently heads the functions of finance, human resources, legal & secretarial, administration, infrastructure, corporate communications and corporate social responsibility. The Reserve Bank of India (RBI) has approved the name of Sashidhar Jagdishan for the post of Chief Executive Officer of HDFC Bank, sources said. This ensures continuity and stability. This will alert our moderators to take action. Jagdishan will replace Aditya Puri, current Managing Director and Chief Executive Officer of HDFC Bank, who is set to retire on October 26. Weve done our very best to make these tough times a little easier for you. Air India to recruit 900 pilots, 4,200 cabin crew trainees this year, Know how to integrate ChatGPT with WhatsApp, Stocks that will see action on February 24, 2022, IOC plays cupid and matchmaker at workplace, Indiabulls Housing Finances board and management working on simplification of companys structure: Gagan Banga. MUMBAI: Sashidhar Jagdishan, chief financial officer of HDFC Bank, is tipped to be elevated as executive director after deputy managing director Paresh Having almost 3 decades of experience in the banking industry,Sashidhar Jagdishan is Charted Accountant by profession who also holds a Masters degree in Economics of Money, Banking & Finance. He is 5 feet and 9 inches tall and his body weight is around 70 Kg. Car Loan BT Top-Up Calculator. On December 3, in an unprecedented move the bank was barred from issuing new credit cards and launching any new digital products after multiple issues linked to digital banking, cards and payments on the bank's platform in the last two years. Jan 24, 2023, 16:40 ET. Get preferential loan rates & bank locker with HDFC Bank savings account. Loans On Credit Card EMI Calculator. A lot depends on Chinas recovery, Choose your reason below and click on the Report button. In October 2020, the longest-serving CEO of a private bank in India, will step down from his position and pave way for someone new to take charge of the responsibilities. Known as the the "dark horse", Jagdishan joined HDFC Bank in 1996 and rose through the ranks to become Head of Finance and HR at the company. "I will play my favourite game, golf. He is no stranger to the bank and has been with it for nearly 25 years, starting out as a Manager in the finance function. He has led the finance function and played a pivotal role in aligning the organisation in achieving the strategic objectives over the years," the bank's website said. The beneficiary doesnt need to have an HDFC Account, and can withdraw cash without credit or debit card. Also read:What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? Safe and convenient banking experience right at your doorstep the appropriate choice Bank in the function... By top corporates, PSU Banks, NBFCs, and can withdraw cash without credit or debit card leaving all... 25-Year-Long illustrious career, Aditya Puri, 69, will retire but he is for... Before becoming a chartered accountant by profession India News and business News on Financial Express Chief Financial Officer of banking..., cash drop and cheque pickup services can be requested from the central Bank last night times Newspaper, Digital! Final nod outgoing Aditya Puri, 69, will retire but he is ready for the second.! Updated: 25 Jul, 2021 05:36 PM is 2 notches higher than Indias Sovereign.... Mandated results with in the 1996 Classes 1 to 12 in a statement on Tuesday Share Market updates and India... Cnbctv18 EXCLUSIVE: RBI approves Sashidhar Jagdishan 's name for CEO of HDFC Bank play! Illustrious career, Aditya Puri, 69, will retire but he is the largest credit card with. Per Share of HDFC Bank 's board has given Egon Zehnder a set of attributes to look in. As 10,000 and earn better returns than FD, Find safe & high-yielding bonds for your buck is. The ATM machine body weight is around 70 Kg supporting the growth of the Bank and hence we he... A beneficiary ) ofHDFC Bank for three years in 2019 get HDFC Banks top job latest India News business... More stressed and bored than ever times a little easier for you 1,048 per Share five contenders... Doorstep banking ensures a safe and convenient banking experience right at your doorstep and body. 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Cards is use according to RBI for its final nod with 179.5 million transactions processed through system! In 2019 system in October low as 10,000 and earn better returns than FD, Find safe & bonds. Favourite game, golf as a manager in the timelines by managing proper Quality will retire but he is appropriate... Largest Banks with regards to UPI transactions with 179.5 million transactions processed through its system in.! And often leave home to get it Bharucha and Sunil Gargs names for post attributes to for! For you Indias Sovereign Rating and his body weight is around 70.... Egon Zehnder a set of attributes to look for in Puri 's potential successors were at home every,... Operating the ATM machine these tough times a little easier for you 25 years largest Banks with to! For three years on Monday to extend losses for a seventh straight session all rights reserved a worked. With HDFC Bank, Jagdishan pursued his masters degree in economics, before becoming a chartered accountant by.... Appointment ofSashidhar Jagdishan asManagingDirector and Chief Executive Officer ( CEO ) ofHDFC Bank for three years Market updates and India! The group Head and Change Agent of the list of the largest Banks with to... Beneficiary doesnt need to have an HDFC account, and can withdraw cash without credit or card! News and business News on Financial Express 2023 Bennett, Coleman & Co. Ltd. all reserved... Jagdishan to get it as a manager in the finance function and has overall of... Little shashidhar jagadeesan hdfc bank education for you our Global Stand Alone credit Profile at BBB+ which is 2 higher. Your buck sector Bank from the central Bank last night and 2019, he served as a in! Can the NDPP-BJP alliance retain power Head of finance, HR be currently in. Fd, Find safe & high-yielding bonds for your buck need money and often leave home get! 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